Toys ‘R’ Us Asia, which completed its separation from its indebted former US parent firm in November, plans to open 60 new stores in Asia in 2019. Most of these will be in China, its biggest growth market, as well as in Japan, Malaysia and Singapore.
Li & Fung is a Hong Kong-based global trading group, that supplies high-volume, time-sensitive consumer goods, and is a major customer of global retail giant, Wal-Mart. Garments make up around two-thirds of the Li & Fung business which also covers the sourcing of hard goods such as fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods. Key officials are William Fung, executive chairman, and Bruce Rockowitz, president and chief executive.